OpenERP Loan Management As the name suggests, the loan management module is blended of all important functionalities like managing different type of loan, different calculation mode, borrowed & issued loans, loans with installment repayments with accounting entry, annuity repayment, possibilities for entering special repayments and many more options with it.
1. This Loan management system allows companies to create customized loan period.
2. You can easily categorize the type of loan and manage it efficiently.
3. This system lets you compute installment which is based on the amount, rate of interest, and time period.
4. The system keeps all interest versions maintained so that any company can use it and define whatever interest version they want.
5. You can keep track of all installments received from a customer with an accounting entry.